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July 31st, 2012
03:16 PM ET

Panasonic North America CEO Joe Taylor on manufacturing: "The United States has become a less attractive place for companies"

Coming up this evening at 9 p.m., "Piers Morgan Tonight" welcomes the CEO of Panasonic North America Joe Taylor to the studio in London. Panasonic North America is entering its 25th year as a proud sponsor of the Olympic games.

Among the topics of discussion is the issue of American companies sending manufacturing jobs outside of the United States. "I don’t think there’s a very simple answer for all of it," Taylor says. "I would tell you that in the 80s through the early 90s, we had 24 manufacturing sites in North America and we’ve reduced that by 80 percent today because of competitive pressures around the world."

Taylor goes on to talk about the U.S. decline in "foreign and direct investment" over the years, noting "ten years ago, the United States attracted 40 percent of all foreign, direct investments, globally. Last year, 17 percent. It means the United States has become a less attractive place for companies around the world to move their manufacturing."

Watch the clip, and listen to the interview, then tune in tonight as Morgan talks technology and NBC's time-delay with the Panasonic executive.

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soundoff (24 Responses)
  1. Matthew Hall

    Talk about backward looking. FDI is increasing in the U.S. as is manufacturing investment and employment. I think Panasonic is missing the boat. The U.S. gets less of the total because the overall amount is growing, not because the amount in the U.S. is shrinking. How does this man keep a job in an international business if he doesn't understand this basic idea?

    July 31, 2012 at 6:34 pm | Report abuse | Reply
  2. matt20hew

    Reblogged this on Today's News.

    July 31, 2012 at 7:38 pm | Report abuse | Reply
  3. Gary Chisholm

    The SIMPLE answer is the CEO's don't want to pay a LIVING wage to their employee's and they don't care if the near nothing rate of pay the workers overseas get keeps the people in conditions no one should have to live in. That's just the way the Republicans roll. They will continue to send our jobs overseas until this Country wakes up and stops buying their products. The Democrats need to control both the House and Senate and then President Obama will continue to lead this Country back from the cliff the GOP kicked us over.

    July 31, 2012 at 8:35 pm | Report abuse | Reply
    • America first

      1. We need to stop waging wars?
      2. Think who gained from this war?
      3. We need to start using our tax dollars for American.
      4. Stop meddling in other countries.
      5. Start being honest.
      6. Stop telling lies to us and our service men and women in uniform.
      7. Demand truth from the media
      8. Stop donations more than $10 per person for election.
      9. No foreign money from election.
      10. Stop lobbiest control on our goverment.

      July 31, 2012 at 9:35 pm | Report abuse | Reply
      • ed champagne

        AMERICA"s best, fighting for AMERICA'S WORST!

        August 1, 2012 at 12:20 am | Report abuse |
  4. Cindy Zaring

    Arghh!!! During the Olympics ... what would it hurt to offer your audience (especially we on the west coast) an alert before your SPOILER. I carefully avoided all results on all broadcasts and simply flipped past your program at the top of my 7 o'clock hour – to have all my efforts ruined by your announcement at the top of your show about Phelps!!

    July 31, 2012 at 9:18 pm | Report abuse | Reply
    • Fire Bob Costa of NBC

      Media sucks. This is the worst Olympic I have ever seen. Bob Costa has been full of himself and should be fired from NBC and never be allowed to host any more Olympic.

      July 31, 2012 at 9:53 pm | Report abuse | Reply
  5. Not in the media

    July 31, 2012 at 10:51 pm | Report abuse | Reply
  6. ed champagne

    ANY one could cheat, I think the girl is clean, BUT come on! IF flipper swam that time, there would be a drug test! It's a compliment, IF CLEAN!!

    August 1, 2012 at 12:15 am | Report abuse | Reply
  7. Name*Brahim

    I blame the politicians for all what's happening to USA .politicians are there to defend their own Benifits and their sponsors .my way or a highway drove the beautiful America to the cliff

    August 1, 2012 at 12:57 am | Report abuse | Reply
  8. Karen T

    Shame on you Piers for not pushing back on Joe Taylor. You should have passed him on to Anderson Cooper for Keeping them Honest if you couldn't. You can be very good but tonight you were not. I was so surprised you allowed him to blame all the jobs they moved out of the U.S. on corporate taxes without mentioning lower wages and weak environmental laws.

    August 1, 2012 at 1:12 am | Report abuse | Reply
    • Oh please

      So you think Anderson Cooper is honest?

      August 2, 2012 at 9:29 pm | Report abuse | Reply
  9. Jai

    You were so quiet when the Panasonic executive (Mr. Taylor) stated that because of US corporate taxes the jobs shifted overseas. Ha, just Google US corporate Tax rates and you will find the answers. Not True! by a long mile. Tax rates (corporate) have remained where since FY 2000. So, my question is, how come you allow phony and unfounded proclamations to be broadcast on CNN! Thought CNN was the truth champion and a promoter of Truth and Factual news! Can you explain?

    August 1, 2012 at 9:01 am | Report abuse | Reply
  10. pascal

    lets go into a business

    August 1, 2012 at 9:02 am | Report abuse | Reply
  11. SHW

    Jai, Yes I can explain because Morgan does not know the subject enough to challenge the guests. He really is dumb head and good enough to ask the guests how many time you are properly in love.

    August 1, 2012 at 9:12 am | Report abuse | Reply
    • No more media

      Media sticks regardless who you hear. No more media will be a good thing. There will be less wars for one.

      August 1, 2012 at 9:18 am | Report abuse | Reply
  12. : (

    Shame on the media. Nothing truthful is coming out of them. All they do is keep spinning lies instead of checking facts and doing there own homework. This includes you Piers Morgan. You had so much potential. You are looking more and more like a Fox reporter. We all all sick of the media. Even used car dealership turn of the volume as no one wants to hear the media .

    August 1, 2012 at 9:15 am | Report abuse | Reply
  13. Jonathan Amsbary

    Dear Mr. Taylor, I wouldn't buy from your company if my life depended on it. I just looked at your site and saw how much flag waving you do there! Well partriotism is more than painting your face red white and blue.

    August 1, 2012 at 5:46 pm | Report abuse | Reply
  14. worldcares

    Why does everyone hate the United Staes of America yet are dependant on them?

    August 2, 2012 at 5:00 am | Report abuse | Reply
    • Suzy

      Please love America and wake up from your coma.
      Why are we waging wars all over the world? Da !

      August 2, 2012 at 9:26 pm | Report abuse | Reply
  15. Oh please

    So you think Andison Cooper is honest ? Get real.

    August 2, 2012 at 9:31 pm | Report abuse | Reply
  16. NOBAMA2012

    Eat at Chick-fil-a.

    PAID FOR BY THE RE-ELECT AN IDIOT (obama your welfare momma) CAMPAIGN

    August 3, 2012 at 7:00 pm | Report abuse | Reply
  17. Melissa

    I love you, Uncle Joe, (and yes, he really is my uncle) no matter what all these jokers say! I just think it's awesome that he talked to Piers Morgan at the Olympics! 🙂 Call me a simple person, but it's cool to see your Uncle on TV. And I know what type of person he is. He does care about the average worker, because his family is full of average American workers. He is a family man FIRST, but he is also the CEO of a large international corporation and has a business to run. I commend my wonderful Uncle for standing up for his beliefs, while respecting the company he represents. WE LOVE YOU!

    August 7, 2012 at 12:34 am | Report abuse | Reply
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    November 26, 2012 at 3:01 pm | Report abuse | Reply

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